208 - 699 ABERDEEN Boulevard Midland Ontario
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Executive Waterfront Corner Unit Condo With 3 Walkouts To A Very Unique Large Private Terrace With 3 Exposures, So Much More Than Just A Balcony. Fabulous Layout With Over $60,000 In Upgrades Including Kitchen & Appliances, Steamer Shower, Stone Gas Fireplace, Hardwood & Heated Bathroom Floors, Paint, Lighting, Crown Mouldings And Sun Shield Panel Blinds. Condo Offers Indoor Parking Spots, Bike Storage & Storage Locker. Tiffin Pier Amenities Include An Amazing Waterfront Walking Trail, Complete Gym, Billiards Room, Jet Stream Pool, Whirlpool Hot Tub, Party Room, Guest Suite And Theres An Opportunity To Lease Or Purchase A Boat Slip Right Out Front Of The Building. This Is An Exceptional Unit Offered At A Great Price Dont Miss Out! For More Photos And Video Tour Please Visit The Website. Note: ** Sq. Ft. Measures On REALTOR.ca Are Exterior, Not Interior. ** 24 Hours Irrevocable On All Offers **
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Midland -- lets calculate some mortgage payment options and see if purchasing this home can become a reality.
- Down Payment
The amount of money you pay up front to obtain a mortgage. The minimum down payment is 5% and for down payments of less than 20%, home buyers are required to purchase mortgage default insurance, commonly referred to as CMHC insurance.
- Mortgage Insurance
Mortgage default insurance, commonly referred to as CMHC insurance, protects the lender in the case the borrower defaults on the mortgage. Mortgage default insurance is required on all mortgages with down payments of less than 20%, which are known as high ratio mortgages. Mortgage default insurance is calculated as a percentage and is applied to your mortgage amount.
- Mortgage Rate
The rate of interest you will pay on the outstanding balance of your mortgage.
- Mortgage Type
The mortgage type includes the term of the mortgage, between 1 to 10 years and the rate type, variable or fixed. The mortgage term is the length of time you commit to the terms, conditions and mortgage rate. The mortgage rate type can be fixed for the duration of the term or variable, fluctuating with the prime rate. Fixed rates are most popular and represent 66% of all mortgages, according to the Canadian Association of Accredited Mortgage Professionals.
These mortgage estimates are provided by Sharon Vanderschot from Mortgage Alliance.